Frankfurt (Reuters) – According to calculations by banks and brokerage houses, the Dax will start lower at the start of the 2023 stock market year.
On the last trading day of 2022 on Friday, it closed 1.1 percent lower at 13,923.59 points and lost 12.3 percent over the year. Investors were once again concerned about the monetary policy of the major central banks and the associated risk of a recession.
“The Dax takes two heavy mortgages from the old stock market year into the new stock market year,” said portfolio manager Thomas Altmann from the investment advisor QC Partners. On the one hand, interest rates rose sharply towards the end of the year. On the other hand, the Chinese purchasing managers’ indices for China published on New Year’s Eve fell unexpectedly sharply. “And when such an important German trading partner suffers, German companies always suffer too.”
The focus on Monday will be the December purchasing manager indices for industry in Germany and the euro zone. According to experts, they should remain stable at 47.4 and 47.8 points respectively. In addition, the Federal Statistical Office is publishing a quick estimate of the number of people in employment in Germany in 2022.
Closing prices of European indices as of
on the previous trading day
dax
13,923.59
Dax future
13,944.00
EuroStoxx50
3,793.62
EuroStoxx50 Future
3,799.00
US indices closing prices at level change
previous trading day
Dow Jones
33,147.25 -0.2 percent
Nasdaq
10,466.48 -0.1 percent
S&P 500
3,839.50 -0.3 percent
Asian indices on Monday stand change
Nikkei
No trade
Shanghai
No trade
hang seng
No trade
(Report by Zuzanna Szymanska, edited by Christian Rüttger. If you have any questions, please contact our editorial team at [email protected] (for politics and the economy) or [email protected] (for companies and markets).)